Globalance Dividend Growers Corp. Files Preliminary Prospectus

CALGARY, Aug. 31, 2015 /CNW/ - Middlefield Group, on behalf of Globalance Dividend Growers Corp. (the "Fund"), is pleased to announce that it has filed a preliminary prospectus in relation to an initial public offering of shares at a price of $10.00 per equity share.

The Fund's investment objectives are to provide holders of shares with:

(i) 

stable monthly cash distributions and to grow distributions over time, and

(ii)

enhanced long-term total return through capital appreciation of the Fund's investment portfolio,

through an investment strategy which focuses primarily on investing in securities of global issuers that exhibit sustainable dividend growth, supplemented by investments in investment grade fixed income securities to seek to reduce overall portfolio volatility.

The initial target distribution yield for the Fund is 5.0% per annum based on the original subscription price (or $0.04167 per share per month or $0.50 per share per annum).

Middlefield Capital Corporation, the advisor, will provide investment management advice to the Fund.

Middlefield Limited, the manager, intends that on or about June 15, 2018, the Fund will, subject to applicable law, merge on a tax-deferred basis into an open-end mutual fund managed by the manager or an affiliate which the manager determines has substantially similar investment objectives.

Prospective purchasers investing in Globalance Dividend Growers Corp. have the option of paying for shares in cash or by exchanging securities of issuers listed in the preliminary prospectus. Prospective purchasers under the exchange option are required to deposit their exchange eligible securities prior to 5:00 p.m. (Toronto time) on September 24, 2015 in the manner described in the preliminary prospectus.

The syndicate of agents is being co-led by CIBC and RBC Capital Markets, and includes Scotiabank, BMO Capital Markets, TD Securities Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Dundee Securities Ltd., Mackie Research Capital Corporation, Manulife Securities Incorporated and Middlefield Capital Corporation.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the agents named above using the contact information for such agent. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

SOURCE Globalance Dividend Growers Corp.

For further information: please visit our website at www.middlefield.com or contact Nancy Tham, Managing Director, Sales and Marketing, at 416.847.5349 or 1.888.890.1868


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